EPAM CEO Balazs Fejes Withholds 412 Shares for Taxes

What Happened

• Balazs Fejes, EPAM Systems' CEO, President and Director, had 412 shares withheld by the company on 2026-09-01 to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The withholding value was $48,546 (412 shares × $117.83 per share). This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-01; Filing date: 2026-09-03 (Form 4 accession 0001538408-26-000006).
• Price per share: $117.83; Total value withheld: $48,546.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: Shares were withheld by the issuer to satisfy tax withholding on RSU vesting; the disposition is exempt from Section 16(b) under Rule 16b-3(e) as board-approved withholding.
• Filing timeliness: Filing appears timely (filed within two business days of the reported transaction).

Context

• This is a routine tax-withholding event related to RSU vesting and does not represent a voluntary open-market sale by the insider. Such withholdings are administrative and typically do not signal the insider's view of the company stock.